FX.co ★ Forecast for AUD/USD on May 22, 2019

AUD/USD

As we expected in the last review of the aussie, the balance and MACD lines on the four-hour chart were an insurmountable resistance for the price. The price moved down from them and closed the gap that was formed at the opening of the week.

At the moment, the price is below all indicator lines on H4, the signal line of the marlin oscillator is in the decline zone. We are waiting for the completion of the price adjustment of the embedded line of the channel in the region of 0.6842 and a further decline to the underlying line to the mark of 0.6764.